Statistical computing

Abstract

The statistical simulation technique is a very powerful and simple technique for answering complicated probabilistic questions regarding random experiments. The principles on which this technique is based are the Laws of Large Numbers (LLN). These laws say that under fairly general conditions, as the sample size increases, the sample quantities converge, in an appropriate sense, to the corresponding population quantities. (For details regarding LLN, see [1]). Here we illustrate the technique by giving some examples.